Forex: EUR/USD rebounds at 1.4330 and rises to 1.4365

By IBT Staff Reporter On 12/29/09 AT 2:55 PM

FXstreet.com (Córdoba) - The Euro fell sharply against the Dollar during the American session finding support at 1.4330. EUR/USD then recovered and rose to 1.4365. Currently trades at 1.4338/42, 0.26% below today's opening price. On the downside, support could be located at 1.4330 (intra-day low) and below at 1.4315.

Against the Swiss Franc the Euro managed to recover after falling to fresh 9-month low. EUR/CHF tumbled to 1.4850 and the recovered but failed to rise back above 1.4900. Against Cable, the Euro is consolidating gains as ii trades above 0.9000.